The impending crisis : $b conditions resulting from the concentration of wealth in the United StatesBouroff, Basil A.
History
The impending crisis : $b conditions resulting from the concentration of wealth in the United States
Bouroff, Basil A.
Trusts, Industrial; United States -- Economic conditions; Wealth
When the nation is rapidly growing into the economic slaves of a few
favorites of dividogenesure, there is no use to think about the freedom
and political power of [SN: POSSIBLE FUTURE.] the enslaved people,
because such thinking or talking will only be a general mock-flattery
against the helpless by the ignorant or dishonest men who may also be
slaves over the slaves. And this modern dependence of the people will
certainly be to their own harm. The tens of millions of families
together shall neither be able to support the public schools, colleges,
churches, nor any other public institutions without the means of the
wealthy few. Then it will be that the very teachers, professors,
ministers and every one else in the public service will also be in
bondage. Then it will be that they shall be bound to educate the people
by so shaping their nervous system as to bear even greater economic
slavery than any savages could tolerate. Then it will be that they shall
be unable to teach any truth valuable for the well-being of the people
even if they know it perfectly well.[85] And then it will be that every
one shall feel his impotency and littleness in attempting to throw off
the heavy yoke of the few rich families.
Besides, we may see here a type of the Venetian Republic with all its
inherent miseries, on a large scale; while the people shall continue to
groan even as the Venetians did [SN: VENETIAN REPUBLIC.] under a few
prosperous families. But the American groaning and misery may
undoubtedly be even greater than theirs, because they were oppressed and
labored as beasts of burden, but they were never compelled to work on a
par with the modern mechanical forces. And as the misery of the American
Republic will be greater, the oppression heavier, and the economic and
other forms of slavery will be more degrading, it will be necessary to
have a greater Napoleon Bonaparte in order to liberate the future
Americans from their oligarchic plutocracy than the one who spoke to the
Venetians: “I am your liberator; I am not your enemy; I am your friend;
don’t be afraid,” and so on.
It is, however, to be hoped that the present American fathers will not
hesitate to provide something better for their children.
CHAPTER V.
MORTGAGOR FAMILIES.
It must be borne in mind that in this chapter we have to consider only
those families of the nation which were in possession of real or
artificial[86] property before and after the year 1890. And we have
especially to consider those of them whose properties were mortgaged;
and those whose properties were to be lost in consequence of the
mortgages they were encumbered with. While the propertyless or the
tenant families, that were treated in the preceding chapter, will now be
kept in the background of the statistics with which we have to deal.
Public-domain text, read in full here on John Shaqi.
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